Affordable life insurance is available if you’ve had a heart attack.
Heart Attack Victims Life Insurance Guide:
- Heart attack life insurance overview
- Can you get life insurance after a heart attack?
- How does a heart attack affect life insurance rates?
- Heart attack underwriting questions to know
This guide shows you how to find life insurance with heart disease, including heart attack histories.
Heart attack life insurance overview
A heart attack (myocardial infarction) occurs when blood flow to your heart is partially or completely blocked by clogged arteries.
Life insurers look at the severity and damage to your heart, the number of arteries affected, treatment received and your current health when determining the availability and pricing for life insurance.
With a heart attack history, it’s important that you have an independent agent who knows how to shop the market, as life insurance offers may vary widely among insurance companies.
Can you get life insurance after a heart attack?
Yes, you can get life insurance after a heart attack if you follow these guidelines.
While guaranteed issue policies are available right away for many, term life insurance for heart attack victims requires a postpone period before coverage is available.
As you’ll see later in this article, we provide you with detailed information to help you find your best life insurance rate after a heart attack.
We’ll show you what types of life insurance are available, when life insurance will be available and what to expect in terms of pricing after a heart attack.
How does a heart attack affect life insurance rates?
Heart attacks affect life insurance rates negatively in the first few years after a heart attack, and less so in later years assuming favorable cardiac follow-ups.
From an underwriting standpoint, heart attacks are considered high risk (aka impaired risk) and follow stringent underwriting guidelines.
It’s important that you complete your cardiac rehab and follow-up testing with your cardiologist before applying for life insurance.
Companies will postpone life insurance for 3-12 months, and postpone periods are counted from the time you had the heart attack.
Heart Attack Life Insurance Underwriting
Life insurance underwriting for heart attacks begins with a review of your overall health history.
If you have had other health issues in the past or present, please let us know as it could impact life insurance prices.
Coronary artery disease (CAD) is a significant contributing factor for many heart attacks.
Life insurance underwriters look for the following information when underwriting your file.
- How old were you when you had the heart attack?
- Did you have more than one heart attack?
- What caused the heart attack?
- Did you have bypass surgery?
- If yes, how many arteries and which ones were bypassed?
- Did you have any stents inserted?
- If yes, how many and which arteries?
- Have you completed cardiac rehab and follow-up testing?
- What tests were performed? (stress test, echocardiogram, cardiac catheter)
- What was your left ventricular ejection fraction (LVEF) if known?
- Were the results from the follow-up stress test normal or abnormal?
- Were any other heart issues discovered? Angina, arrhythmias, Afib, valve issues, etc.
- Do you have any other health issues?
- What medications do you take?
- Are you a smoker or non-smoker?
- If you quit, when did you quit?
- What positive steps have you taken since the heart attack to improve your health?
With coronary artery disease, one or more arteries become blocked, causing the heart attack.
The number of arteries that were blocked and the type of treatment received will impact underwriting.
When you have a heart attack, your doctors are going to run many cardiac related tests on you in order to determine the full extent of damage caused by the heart attack.
Follow-up cardiac testing is critical to underwriting success.
You have to complete your cardiac rehab and follow-up testing, otherwise life insurers will most likely decline to insure you.
Each cardiac issue has its own rating…companies add those table ratings together to determine the rate class they will offer to you.
Many times, it will make sense to shop the market a few times after you’ve had a heart attack.
The reason why is that if you demonstrate improved health since the heart attack, life insurers tend to offer better ratings.
Even though you are older, the reduction in table ratings may offset older age.
How we can help you find affordable life insurance after a heart attack
We specialize in high risk life insurance underwriting, helping people with heart attack histories.
Our pressure free life insurance service will show you what to expect in terms of underwriting and price with companies that specialize in heart attacks.
We gather your information, and shop out to multiple companies using a quickquote process.
A quickquote allows us to gather information from you and to summarize your medical history.
We use the summary to shop anonymously with life insurers that understand heart attacks.
It takes about 3-5 days to hear back from companies.
At that time, we show you the feedback from companies, and give you a realistic expectation of price.
In addition to showing you term life insurance, in some cases it may make sense for you to consider a permanent insurance policy such as whole life or universal life insurance.
The reason why is due to table shave programs offered that discount product pricing to similar levels of term insurance.
You’ll have all the information you need in order to make an informed decision about life insurance . We’ll even give you ideas regarding what type and how much life insurance should you buy.
If you decide that you are no longer interested, simply tell us to close your file. Keep in mind that there is never any obligation or pressure with our service.
Please take a few minutes to submit your request for life insurance quotes today. Thank you.